New data from ATTOM showed that 1.4 million mortgages were secured by residential properties during the first quarter, a 14% drop from the previous quarter. The first quarter’s decline was attributed to a 20% drop in home purchase loans, which shrank from 738,675 in...
A Maryland man was sentenced to 15 months in federal prison for his role in trying to sell a parcel without the knowledge of the owner. Duane Dixon Jr. was found guilty last January of conspiracy to commit wire fraud and three counts of wire fraud. Dixon was part of a...
The British-headquartered fund manager APS Group has become the first institutional investor to directly acquire tokenized real estate assets through the MetaWealth blockchain-based investment platform. Cointelegraph reports APS purchased $3.4 million in tokenized...
Maxx Properties, a Purchase, New York-based company that owns and manages apartment communities in seven states, announced the appointment of Tiffany Stanley as chief operating officer. In her new job, Stanley will lead all revenue, expense, operations and capital...
For the fifth time in 10 days, Federal Housing Finance Agency Director Bill Pulte has challenged Federal Reserve Chairman Jerome Powell to enact rate cuts. Earlier today on his X account, Pulte wrote, “Jerome Powell must lower rates, and now. Enough is enough.” Pulte...
The Paramus, New Jersey-based real estate investment and development firm Reynolds Asset Management has acquired two multifamily communities – Park Lamont and The Lumos – in Cleveland for $30.6 million Reynolds completed the transaction in partnership with The...
Hits and Misses for the Real Estate Week of June 22-26
